Ever since 100X.VC announced its ambitious drive to invest in 100 startups every year, four months ago; there has been a lot of buzz around this measure in the industry. Industry leaders and VCs have applauded, extending formal support with official quotes and hold high hopes from 100X.VC since its launch. They believe that 100X.VC’s idea to build a strong deal flow of seed funded startups by simplifying investment documentation using i-SAFE notes is very unique and disruptive.
“The priorities of founders at seed stage is to build the product, get early traction and validate their business model. Fund raising is not their expertise but they are forced to do it. At 100X.VC, we have worked hard to make funding simplified by the introduction of i-SAFE notes. This method has been welcomed by Founders and Indian Venture Capital Industry as a whole.”, says Yagnesh Sanghrajka, CFO at 100X.VC.
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